TD Waterhouse Canada Inc. Sells 32,980 Shares of Entergy Corporation $ETR

TD Waterhouse Canada Inc. reduced its stake in shares of Entergy Corporation (NYSE:ETR) by 8.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 373,604 shares of the utilities provider’s stock after selling 32,980 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Entergy were worth $42,192,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ETR. Washington Trust Advisors Inc. boosted its stake in Entergy by 119.4% during the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 154 shares during the last quarter. Union Savings Bank bought a new stake in Entergy in the fourth quarter valued at approximately $28,000. Bell Investment Advisors Inc bought a new stake in Entergy in the second quarter valued at approximately $28,000. Fairway Wealth LLC acquired a new stake in Entergy in the first quarter worth $30,000. Finally, Dynamic Wealth Strategies LLC acquired a new stake in Entergy in the first quarter worth $30,000. 88.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ETR has been the subject of several research analyst reports. Morgan Stanley set a $105.00 price target on shares of Entergy and gave the company an “equal weight” rating in a report on Friday, August 21st. Mizuho set a $122.00 target price on Entergy and gave the stock an “outperform” rating in a report on Wednesday, June 10th. BTIG Research reissued a “buy” rating and issued a $126.00 target price on shares of Entergy in a research note on Wednesday, June 10th. BMO Capital Markets increased their price target on Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Finally, Barclays dropped their price target on Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Seventeen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $120.84.

Entergy Price Performance

Shares of NYSE ETR opened at $107.72 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. The business has a 50-day moving average of $110.49 and a 200-day moving average of $110.12. The stock has a market capitalization of $50.27 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 2.39 and a beta of 0.49. Entergy Corporation has a fifty-two week low of $86.40 and a fifty-two week high of $118.44.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.02. Entergy had a return on equity of 10.53% and a net margin of 13.40%.The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts predict that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th were paid a dividend of $0.64 per share. The ex-dividend date was Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy’s dividend payout ratio is currently 65.64%.

Insider Activity

In other news, Director Ralph Lewis Ropp bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was acquired at an average cost of $106.08 per share, with a total value of $106,080.00. Following the completion of the purchase, the director owned 3,423 shares of the company’s stock, valued at $363,111.84. This represents a 41.27% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.21% of the stock is currently owned by corporate insiders.

About Entergy

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.